Blog

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
Finance

Tinubu seeks senate approval to borrow ₦1.15trn domestically

President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion borrowing from the domestic debt market to finance the deficit in the 2025 budget. The request was contained in a letter read on Tuesday by Senate President Godswill Akpabio during plenary. According to the President, the proposed borrowing is aimed […]

Scams

Court orders Mompha to open defence on ₦6bn fraud

An Ikeja Special Offences Court on Tuesday dismissed a no-case submission by internet celebrity, Ismaila Mustapha, popularly called Mompha, over alleged six billion naira money laundering charges. Justice Mojisola Dada ordered the defendant to begin his defence. The News Agency of Nigeria reported that the defendant is being prosecuted by the Economic and Financial Crimes […]

featured Finance

W’Bank to disburse $500m loan for Nigeria’s Project BRIDGE

The $500 million loan from the World Bank for Nigeria’s Building Resilient Digital Infrastructure for Growth project, also known as Project BRIDGE, will be disbursed in six tranches over a six-year period. Specifically, the International Development Association loan will be disbursed from 2026 to 2031, subject to Nigeria meeting a series of performance conditions. Going […]

Nigeria excluded as Trump hosts African leaders in Washington
Business

Binance denies promoting Trump-backed stablecoin before CZ pardon

Binance CEO Richard Teng has refuted allegations that the cryptocurrency exchange played a role in promoting a Trump-backed stablecoin ahead of former CEO Changpeng Zhao’s presidential pardon. The controversy centers on a $2 billion investment Binance received from Abu Dhabi’s state-owned fund, MGX, which was reportedly settled using USD1, a stablecoin developed by the Trump […]

Business

PHOTOS: AfCFTA okays Customs-Afreximbank initiative to boost African trade

The African Continental Free Trade Area has endorsed the Customs-Partnership for African Cooperation in Trade, an initiative spearheaded by the Nigeria Customs Service and Afreximbank to boost intra-African trade. The conference announcing the initiative will hold in Abuja from November 17 to 19. AfCFTA Secretary-General Wamkele Mene announced the official endorsement in Accra during a […]

Investment

Woodhall seeks $50bn global investment to accelerate Nigeria’s growth

Woodhall Capital is spearheading efforts to attract $50 billion in global investments aimed at accelerating development projects across Nigeria. Founder of Woodhall Capital, Mojisola Hunponu-Wusu, confirmed the firm has achieved growing momentum in mobilizing international capital. A key milestone in this journey was a pre-investor forum held at the Presidential Villa in Abuja, where representatives […]

FG bags $2.2bn Sun Africa deal to develop power sector
featured News

Nigerian-made solar panels are now world-class, says LPVT

In a major stride for Nigeria’s renewable energy sector, LPV Technologies’ locally manufactured solar panels have earned the prestigious TÜV SÜD certification, meeting the rigorous International Electrotechnical Commission standards, marking a significant boost to the nation’s renewable energy sector. The company said in a statement yesterday that the milestone not only affirms the quality of […]

Economy

Oyedele unveils tax reliefs to ease burden on Nigerians

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has unveiled a comprehensive package of 50 tax exemptions and reliefs designed to ease the financial burden on low-income earners, average taxpayers, and small businesses. The measures form part of Nigeria’s new tax reform framework, scheduled to take effect on January […]

Agribusiness

Katsina gov distributes 4,000 irrigation pumps to boost agriculture

Katsina State Governor, Dikko Radda, has reaffirmed his administration’s commitment to grassroots agricultural transformation as he flagged off the distribution of irrigation equipment and farm inputs to farmers across the state. The event, which took place at the Government House, Katsina, on Monday, was organized under the auspices of the Katsina State Community Development Programme […]

News

Abia approves CONHESS salary structure for LG health workers

The Abia State Government has approved the implementation of the Consolidated Health Salary Structure for local government health workers in the state. The state Commissioner for Information, Okey Kanu, disclosed this on Monday in Umuahia, the state capital, while briefing journalists on the outcome of this week’s State Executive Council meeting presided over by Governor […]

Pay hazard allowance in two months, NMA urges FG
Helth

NMA refuses to join strike, commends Enugu gov’s pay

The Nigeria Medical Association says it cannot disrupt health services in Enugu State, following the strike by the Nigerian Association of Resident Doctors over increased remuneration. The association also commended Governor Peter Mbah for motivating healthcare workers in the state with improved pay. The Chairman of NMA, Enugu State, Dr. Sunday Okafor, disclosed this during […]

News

Nasarawa to pay off 4,000 sacked teachers amid recruitment scandal

The Nasarawa State Government has said plans are underway to pay off the over 4,000 sacked teachers across the 13 Local Government Areas of the state who were employed without due approval, as a significant step towards resolving the crisis surrounding their recruitment. The Commissioner for Education, John Mamman, disclosed this on Monday in Lafia, […]